I don't think he's threatened by anything. Bitcoin and metals aren't peers. I think both side of the argument make valid points. I don't consider Bitcoin or silver as investments. They're substitutes for holding dollars. The only reason Bitcoin is so high is because it's hoarded. The velocity is extremely low. If and when it is ever adopted for every day transactions, the price will find equilibrium. I've been waiting 4 days for transactions to be confirmed. The increased interest in Bitcoin has fees rising to compete for the attention of miners. If it costs you $5 in fees to send $5, it shows that it isn't ready for prime time. Buying BTC and holding is speculating, not investing. Once infrastructure improves and it is adopted for every day use by the masses, then Bitcoin will have real value.